Paul Ryan Collects Almost $7 Million (Corrected)

Corrected, 10:30 a.m. | 2012 vice presidential nominee Rep. Paul D. Ryan has had the time and opportunity to methodically meet and greet the top financial donors of the Republican Party around the country – and collect almost $7 million dollars in campaign contributions.

Ryan for Congress reported it had receipts of $1,611,280 during the second quarter of 2014. This brings the Wisconsin Republican’s election cycle total receipts to $6.95 million.

During the quarter, Ryan’s committee received over $1 million in direct contributions from individuals – with many from the financial services industry, $432,740 from PACs and other committees, and $156,596 from transfers in from joint fundraising efforts with this leadership PAC and his Ryan-NRCC Victory Committee. The committee spent $1,783,118 during the quarter, and has cash on hand of $3,835,558, and debts of $6,525, as of June 30th.

One June 16th, and prior to the close of books for the second quarter, the committee sent $1 million in excess funds to the National Republican Congressional Committee. It was also five days after Rep. Eric Cantor, R-Va., announced he would resign as House Majority Leader.

Also giving were Peter Peterson, founder and chairman of Peter G. Peterson Foundation, New York, New York; and Michael Peterson, president and COO of the Peter G. Peterson Foundation, New York, New York; among many others.

Editor’s note: This post was significantly corrected after initially incorrectly identifying Ryan as the chairman of the Ways and Means Committee. Ryan is chairman of the Budget Committee.

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Political MoneyLine is about following money in politics. It's a cash register for givers, receivers and those who want to watch the flow.

Kent Cooper has been uncovering and counting political money since 1972, when new disclosure laws took effect. He was assistant staff director for the Federal Election Commission's disclosure office for 22 years.

Tony Raymond was at the FEC for more than 20 years, analyzing reports and serving as the FEC's first webmaster.

They currently produce the Political MoneyLine website on CQ.com and developed its earlier versions: FECInfo, Public Disclosure Inc., and Tray.com.